USDCHF topped out headed south

Bearish: We are currently @ 0.9666 after topping out the range. We have divergence in play. We are looking for a continuation to the ATR target @ 0.9604 area with a bigger target the 0.500 Fibo @ 0.9541. Watch the USDX for any change in direction. The ATR for the pair currently is 74 pips per day and its 180 day average is 79 pips per day. USDX is currently down and already made the turn to the downside.#USDCHF

Posted to Introduction to Forex Targe… on Aug 29, 2022 — 8:08 AM
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